Vantage Data Centers, a hyperscale data center campus provider, secured a $3 billion green loan from a bank syndicate led by Wells Fargo Securities, LLC and joint bookrunners TD Securities, Truist Securities, Inc. and Scotiabank. 

The financing is a revolving credit facility with an initial collateral pool of eight leased and greenfield sites in both new and existing markets totaling nearly 1.4GW of IT capacity. 

Vantage’s North America platform includes 12 campuses across the U.S. and Canada. The company said it can add more North American assets to this credit facility in the future. 

“For the past several years, Vantage has prioritized innovative funding avenues to support our rapid expansion, and this revolving multi-asset development financing is no exception,” said Christophe Strauven, SVP, capital markets at Vantage. 

This is Vantage’s fifth green loan. The company has announced nearly $10 billion in financing so far this year. It also announced a $6.4 billion equity investment led by DigitalBridge and Silver Lake in January, followed by a $64 million loan to support a campus in Taiwan in March. 

Pictured: Rendering of Vantage Data Centers’ third campus in Northern Virginia.